Hanoi attracts nearly 2.3 bln USD of FDI in 7 months
The capital city of Hanoi attracted nearly 2.3 billion USD of foreign direct investment (FDI) in the first seven months of this year, with 233 new projects worth 97.5 million USD and 108 projects permitted to increase investment capital by 193.5 million USD.
Hanoi attracts nearly 2.3 bln USD of FDI in 7 months (Photo: VNA)
Hanoi (VNA)𝓡 – The capital city of Hanoiattracted nearly 2.3 billion USD of foreign direct investment (FDI) in thefirst seven months of this year, with 233 new projects worth 97.5 million USDand 108 projects permitted to increase investment capital by 193.5 million USD.
According to the municipal People’s Committee, duringthe period, 190 foreign investors contributed capital and bought shares worthnearly 2 billion USD. Japanese investor Sumitomo bought shares of VPBank with atransaction value of 1.5 billion USD. During the period, the city had 18,300 newenterprises, up 5% compared to the same period in 2022. Their registeredcapital reached 177.5 trillion VND (7.5 billion USD), a slump of 12% year onyear. Meanwhile, 2,100 local enterprises were dissolved, aswell of 2% year on year; 15,200 registered to suspendoperations, a rise of 25%; and 5,900 resumed operations, down 18%over the same period. In the seven months, the city created jobs for nearly133,000 labourers, reaching 81.9% of the locality’s yearly target and 96.7%compared to the same period last year. Besides, Hanoi authorities have decided to spend nearly 1.4trillion VND on unemployment insurance for more than 48,000 peopleand 2.7 billion VND for 585 people to access vocational training.
In July alone, the city has 37 new FDI projects with a total registered capital of 22.3 million USD. (Photo: VNA)
In July alone, the city had 37 new FDI projects with atotal registered capital of 22.3 million USD; 18 others permitted to increaseinvestment capital by 24.5 million USD, while 19 foreign investors contributed capital and bought shares with10.4 million USD. In the month, the city had 2,387 new enterprises, down10% compared to the same period in 2022. Their registered capital reached 23.1trillion VND, a climb of 11% year on year. Meanwhile, 293 enterprises were dissolved, up 2% yearon year; 1,729 registered to suspend operations, an expansion of59%; and 760 resumed operations, up 8% over the same period. In July, the city created jobs for nearly 19,300labourers, up 4.8% compared to the same period last year. Nguyen Manh Quyen, Deputy Chairman of the municipalPeople’s Committee, said the city has continued to support enterprises toovercome difficulties in terms of mechanisms and policies through directmeetings, seminars, and investment promotion programmes with both foreign and domesticenterprises. The move contributes toincreasing investment capital to the city while helping local businesses expand cooperation opportunities with localities nationwide,particularly in the fields of tourism, agriculture, and “One Commune- One Product”(OCOP) programme, among others./.
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Hanoi attracts nearly 2.3 bln USD of FDI in 7 months (Photo: VNA) 
In July alone, the city has 37 new FDI projects with a total registered capital of 22.3 million USD. (Photo: VNA) 
